Bioinformatics Market is expected to reach USD 24.03 Bn by 2029

Bioinformatics Market size was valued at USD 10.2 Bn in 2022 and is expected to reach USD 24.03 Bn by 2029, at a CAGR of 13.02 %.

Bioinformatics Market Overview

Global Bioinformatics Market Research Report includes the current state of the market in terms of the definitions, classifications, applications, and industry chain structure. The report provides unbiased professional commentary on the present market scenario, market performance, production and consumption rates, demand and supply ratios, and income generation over the forecast period. The Bioinformatics market report also gives information on the leading businesses functioning in the Bioinformatics industry’s, strategic ambitions and company growth strategies. Mergers and acquisitions, government and corporate transactions, partnerships and collaborations, joint ventures, brand promotions, and product launches are among the methods evaluated in the research.

Bioinformatics Market Scope

The Maximize Market Research report offers a comprehensive and dynamic analysis of the Bioinformatics market, utilizing a rigorous research methodology. It covers major growth drivers, market dynamics, challenges, and scope, along with conducting PESTAL, PORTER, and SWOT analyses. The report also highlights the latest developments and cutting-edge technologies in the global Bioinformatics market. It provides detailed insights into the market, including market shares, supply chain analysis, and key success factors. The report’s conclusion features opinions from industry experts representing top-leading organizations in the global Bioinformatics market. The report covers a time span from 2017 to 2029, including historical data from 2018 to 2022, the base year as 2022, and an estimated year of 2023, while forecasting for the period from 2023 to 2029.

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Segmentation

Based on products and services, the bioinformatics platform segment dominated the largest Bioinformatics Market share in 2022. Bioinformatics is the application of computer technology to the understanding and effective use of biological data, which has become a frontline applied science and is of vital importance to today’s biological studies. The increasing need for new tools for better drug development is a new trend for segment growth. An increase in platform application is expected to drive in need from the life science firm for the identification and modification of structures. This change helps in the drug designing process and evaluation of their therapeutic effects. Another factor is that efficiency and safety in drug development and discovery lead to an increase in the need for better tools in drug development.

by Product and Services

Knowledge Management Tools
Bioinformatics Platforms
Bioinformatics Services

by Application

Metabolomics
Molecular Phylogenetics
Transcriptomics
Proteomics
Chemoinformatics
Genomics
Others

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Key Players : 

1. Thermo Fisher Scientific Inc.
2. Eurofins Scientific
3. QIAGEN N.V.
4. Agilent Technologies Inc.
5. Illumina Inc.
6. Waters Corporation
7. NeoGenomics Laboratories
8. Perkin Elmer Inc.
9. Fios Genomics
10. Source BioScience
11. BGI Genomics Co., Ltd.
12. Genedata AG
13. Eurofins Scientific SE
14. Seven Bridges Genomics, Inc.
15. Sophia Genetics SA
16. Station X, Inc.
17. Genomatix Software GmbH
18. Dassault Systèmes Biovia Corp.
19. Active Motif, Inc.
20. Bio-Rad Laboratories, Inc.

Regional Analysis

The report offers statistical data on the market growth for each influential economy worldwide in the Bioinformatics industry. It takes into account various countries, including North America, Asia-Pacific, Europe, Latin America, and MEA, during its preparation. The report covers all the emerging trends, population growth, as well as government strategies and regulations related to the market. In the conclusion part, regional insights provide historical and forecasted data for all economies, showcasing their impact on the market.

Key offerings:

  • Market Share, Size, and Forecast by Revenue|2023-2029
  • Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
  • Market Segmentation: A detailed analysis by Bioinformatics Market
  • Landscape- Leading key players and other prominent key players.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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